It has offices in Denver in the United States, Hong Kong, Mauritius, London and a huge campus at Blythe Valley Business Park in Solihull. [5], In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. Role . Shop the best selection of deals on Cameras now. ITV Emmerdale's Amy Nuttall 'crying every day' after husband Andrew Buchan leaves her for co-star, Buchan has reportedly left her for BBC Better co-star Leila Farzad, 40, ITV Emmerdales Amy Nuttall rumbled husband Andrew Buchan and BBC Better co-star Leila Farzad's romance by lingerie. 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The business has no High Street presence and markets itself using fitness influencers, who have large social media followers, and events. Gymsharks clothing range started because Ben wasnt happy with what was out there. It's quite literally your 'rags to riches' story. Richardson . 'It was four years of mayhem. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. The former Aston University student went from a delivery driver for Pizza Hut to sportswear entrepreneur with the help of a sewing machine and screen printer in his parent's garage, Get the latest news from MySolihull straight to your inbox. He graduated from high school with honors. With a stake of over 70% in Gymshark, Francis' estimated net worth, according to The Telegraph, is somewhere in the region of 700 million. Working on Gymshark while living at his parents house, Lewis had a job as a potwash and a retail assistant in Burton while studying, which he describes as 'four years of mayhem'. Contents 1 Early life 2 AllSaints 3 Gymshark 4 Other ventures 5 Birmingham City Football Club 6 References He said: Ultimately I had all the difficulties of going into the gym the first time feeling like everyones staring at you, not really knowing what to do. Discussing how he started the business, which is now loved by celebs, Lewis explained that his friendship group dwindled quickly at University, as he went to 'make money on the side doing whatever' while most people went to 'go out and drink'. He used a machine and a screen printer for which he put money aside. After two exhausting years of this - with annual revenues of his nascent business hitting an impressive 250,000 - Ben quit both university and the world of pizzas to focus on his company.. Me and Robin were going to move out there. CEO Steve Hewitt, founder Ben-Francis and executive chairman Paul Richardson The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. Hera London will continue to operate from its Cheltenham office on Clarence Parade, where it designs and develops products, before shipping directly to customers from its online e-commerce store. Carol's mystery man - who she is engaged to - has been revealed today. In 2011, Ben was a 19-year-old student at Birmingham's Aston University. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Find the best deals on Small Appliances from your favorite brands. Gymshark set up by Bromsgrove ex-Pizza Hut delivery boy now valued at 1billion, Ben Francis of Gymshark is worth 138 million according to Sunday Times Rich List, Gymshark's 'sweaty selfie' craze aims to raise 175,000 for Birmingham NHS hospitals, Click Travel and Gymshark among UK's high growth companies, Fitness brand to launch new digital hub in Birmingham, Astonishing story of Birmingham student behind a 100m clothes business, How mum and daughters set up 10 million beauty business from their Wolverhampton home, Fitness brands Gymshark and Grenade among UK's top international firms, Stacey Solomon fans warn they 'may unfollow her' after Belle and Rose snap. Online retailer Hera London, despite its name, is headquartered in Cheltenham and was founded by local entrepreneur Ash White in 2015. Download our app on iPhone or Android. "Im proud of my decision, and proud of the team that Im a part of. "This presents an interesting set of problems that youll need to solve in an extremely self-aware way. Like this story? In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. I think growing up in the West Midlands helped, it was fairly chill. He said as a child he was "skinny and slight" and that had made him go to the gym to build muscle, and that's where he came up with the idea for Gymshark. ", View all Midlands newsView more Midlands Business news, Clade Group / Save my name, email, and website in this browser for the next time I comment. October 21, 2021 Mergers & Acquisitions Retail South East South West Gymshark Director and former Chairman, Paul Richardson, has purchased the majority share in streetwear brand, HERA London, and takes the position of Executive Chairman. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. Ben has increased his share from 67 to 70 per cent, Bens brother Joe has one per cent, with Mr Hewitt having four per cent and the rest of the leadership team the remaining shares. [3] During his time at AllSaints, Richardson helped develop the companys business model, with a focus on national expansion. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Shop the best selection of deals on Beauty now. Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. The 28-year-old said he was never great at school but something clicked for him aged 17 when he took an IT class. Launched in 2015, Hera London became . He joined a gym which he found intimidating but learnt from YouTubers to get results. Its revenue has grown tenfold over the past four years, rising to $550 million in 2021, according to the company's latest full-year financial report in July. Or by navigating to the user icon in the top right. Paul Richardson is the owner and executive chairman of Hera Clothing. In high school, Richardson was a star athlete. [7] Later in the year, the company secured investment from private equity firm General Atlantic. Our Gymshark family of employees, athletes and followers is now over 10 million strong, with a total social media following of over 18 million and customers in over 230 countries across our 14 online stores. [10] The company would continue to build on the global foundations laid by Richardson and Hewitt, expanding its presence in the US market the following year with the opening of a new regional headquarters in Denver. His net worth is likely higher than this, but we dont know how much. Nestle scraps popular item in UK leaving customers 'devastated'. The couple has two daughters. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. These are the best Home Audio deals youll find online. His wifes name is Jodi Jones. This means that we may include adverts from us and third parties based on our knowledge of you. A majority stake in a Gloucestershire-based clothing brand has been acquired by a director with the gym wear firm Gymshark. Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. ", "Stanford buys stake in All Saints as its expansion push continues", "Gymshark flexes muscles as Ben Francis becomes CEO | TheBusinessDesk.com", "Gymshark secures investment from General Atlantic", "PwC UK and US advise Gymshark on unicorn valuation", "Revealed: The story behind Gymshark's transformational deal | TheBusinessDesk.com", "Gymshark director acquires majority stake in Hera London", "HERA appoints Climb Online to help drive 100m growth strategy", "Birmingham City takeover LIVE - Paul Richardson to meet John Eustace", "Birmingham owners in waiting draw up stadium plans ahead of EFL approval", article "Paul Richardson (Businessman)" is from Wikipedia, https://wikitia.com/index.php?title=Paul_Richardson_(Businessman)&oldid=154989. Former Watford owner Laurence Bassini was expected to complete a takeover, and had been given a deadline of . I just wanted to enjoy my life. Richardson has a run various waste management services[1]. These are the best Smartphones deals youll find online. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. But how did Ben go from sewing and hand-stitching gym clothes in his parents garage to turning the company in to a company worth 1 billion or 1.45 billion dollars? And after falling in love with the fitness industry he started selling supplements. Why not sign up to get the latest South West business news straight to your inbox. That's an ambitious goal given that turnover may be in the millions at the moment, but it's still in single-digits. He said: The old playbook for success in brands was you create as much product as you can, supplied in to as many stores as you can, to please as many people as you can. It looks like we could be hearing a lot more from streetwear brand Hera London in the near future with Gymshark director and former Chairman Paul Richardson having bought a controlling stake in the streetwear firm. MAKING TAX DIGITAL. I was going to head up the US office. Despite his soaring success as a businessman, Lewis - who is worth 125m - said that he's most proud to step back and look after the people he loves most, especially his mum Kim (pictured together). One reason why his net worth is hard to estimate is that he didnt appear in the fourth season of Gold Rush: White Water, which premiered in January 2021, was because the shows focus was on family tensions. When an order was placed with him his website would order from a supplier and they would supply the customer. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. During its first year, Gymshark generated 500 in sales per day. Paul Richardson Businessman Height, Weight. Trump rages at Mark Zuckerberg amid claims group linked to Facebook boss gave $2 million to Georgia elections board - and says Dems are 'trying to steal a SECOND election'. Mum's incredible proud. Gymshark' sells its products directly to consumers in 180 countries via websites in 13 languages. In 2021, Richardson acquired Long Itchington and Ufton Woods, a 200-acre woodland which is a Site of Special Scientific Interest (SSSI), as well as a 200-acre woodland in East Hareshaw, Scotland and a 228-acre farm in Warwickshire. Shoppers joke M&S have after US private equity giant General Atlantic snapped up a 21 per cent stake in his business - making his partner Ben the richest self-made Briton under 30 with a worth of around 650million. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. Now Gymshark is the influencer with 4.7 million Instagram followers and 1.7 million on Facebook. We were super busy and it was super exciting. The sportswear company itself is said to be valued at . It was when Gymshark launched the Luxe tracksuit that the companys website was inundated with orders. Jon Robinson, Senior Digital Staff Writer The company, started by Birmingham U.K.-born Ben Francis in 2012, now age 28,. The official website for that ishttps://www.mpmsu.edu.in/. Aged 21, Ben turned his sportswear business in to something much bigger. A 19 year-old, struggling pizza delivery boy starts a sports supplement and clothing company from his bedroom. Find the best deals on Kitchen from your favorite brands. Paul has been around Gymshark since it's early days in 2013 and now has seen it turn into the $1.4 billion dollar brand that is today. The pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK, The brand is known for its muscle-enhancing gym wear which is promoted extensively through its own Instagram channel, As well as posting selfies, fans of the brand also share their workout regimes as an inspiration to others. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. Deals and discounts in Tech & Electronics you dont want to miss. LEGAL STUFF. Do not sell or share my personal information. Paul Richardson, All-saints joint owner and Gymshark director, has purchased majority shares of Hera London and joins the board as Executive Chairman. Find the best deals on Home Gym from your favorite brands. I think it would be remiss of me not to continue to bring in the right people to help elevate us to that next level. Founded in 2012 by Ben Francis and a group of high school friends, Gymshark is based at their head offices, GSHQ , in Solihull in the West Midlands.. Its revenue in 2018 surpassed 100m and as . We are not related to the MP Medical University in any ways. Paul Richardson will oversee the brand's growth. Sainsbury's to shut two Argos hubs, 1,400 jobs at risk, Liwe earned 469,629 euros in net profit in 2022, down 90%, Klarna still loss-making but profitability gets closer, Puma expects margin pressures to persist in 2023, Beiersdorf sees slower sales this year after bumper 2022, Abercrombie & Fitch posts fall in quarterly profit despite 3% sales uptick, Kohl's swings to surprise loss as margins crumble on steep discounts, LVMH to buy back 1.5 billion euros worth of shares. Lewis, who is in the process of buying a 1.5m house, is a big gym-goer and has always been passionate about exercise and fitness. Copyright 2023 FashionNetwork.com All rights reserved. Both were basic but popular. 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Wikitia is not affiliated to Wikimedia Foundation. Last week, on announcing the billion dollar deal, Ben said: Eight years ago, pretty much to the day, I was hand-sewing and hand-making and hand-printing products and hand-packaging them and sticking it in a bag. Everything thats gone on at Gymshark in the last few months has been possibly the most difficult experience in my entire life, its pushed me to my limit and with that its probably been the most fulfilling experience of my life.. Warning issued to any driver in UK filling up with petrol or diesel in next 14 days. "Weve also build a vibrant, addictive internal culture lead by Steve as CEO. Ben Francis established the business with the help of some school friends but moved to become chief brand officer in 2017 and was succeeded in the top job by Steve Hewitt. 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